1099 ORDINANCE NO. 1099
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS, APPROVING REVISED BUDGET
FIGURES FOR FISCAL YEAR 2014; APPROVING AND
ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2014, AND TERMINATING SEPTEMBER 30, 2015,
AND MAKING APPROPRIATIONS FOR EACH DEPARTMENT,
PROJECT AND ACCOUNT; REPEALING CONFLICTING
ORDINANCES; PROVIDING A SAVINGS AND SEVERABILITY
CLAUSE; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the City Manager has prepared a revision of certain figures in the 2014 budget and
submitted same to the City Council; and,
WHEREAS, the City Manager of the City of Southlake, Texas (hereinafter referred to as the
"City") has caused to be filed with the City Secretary a budget to cover all proposed expenditures of the
government of the City for the fiscal year beginning October 1, 2014, and ending September 30, 2015,
(hereinafter referred to as the "Budget"); and
WHEREAS, the Budget, a copy of which is attached hereto and incorporated herein for all
purposes, shows as definitely as possible each of the various projects for which appropriations are set up in
the Budget, and the estimated amount of money carried in the Budget for each of such projects; and
WHEREAS, the Budget has been filed with the City Secretary for at least thirty (30) days and
available for inspection by any taxpayer; and
WHEREAS, public notice of public hearing on the proposed annual budget, stating the date, time,
place and subject matter of said public hearing, was given as required by the Charter of the City of
Southlake and the laws of the State of Texas; and
WHEREAS, such public hearing was held on September 16, 2014, prior approval of such date
being hereby ratified and confirmed by the City Council, and all those wishing to speak on the Budget were
heard; and
WHEREAS, the City Council has studied the Budget and listened to the comments of the
taxpayers at the public hearing held therefore and has determined that the Budget attached hereto is in the
best interest of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS:
Section 1. That all of the above premises are found to be true and correct and are
incorporated into the body of this Ordinance as if copied in their entirety.
Section 2. That the revised figures, prepared and submitted by the City Manager for the
2013 budget, be, and the same are hereby, in all things, approved and appropriated, and any necessary
transfers between accounts and departments are hereby authorized, approved, and appropriated.
Section 3. That the Budget attached hereto and incorporated herein for all purposes is
adopted for the Fiscal Year beginning October 1, 2014, and ending September 30, 2015; and there is hereby
appropriated from the funds indicated such projects, operations, activities, purchases and other expenditures
as proposed in the Budget.
Section 4. That the City Manager shall file or cause to be filed a true and correct copy of
the approved Budget, along with this ordinance, with the City Secretary and in the office of the County
Clerks of Denton and Tarrant County, Texas, as required by State law.
Section 5. That any and all ordinances, resolutions, rules, regulations, policies or
provisions in conflict with the provisions of this Ordinance are hereby repealed and rescinded to the extent
of conflict herewith.
Section 6. If any section, article, paragraph, sentence, clause, phrase or word in this
Ordinance, or application thereto any person or circumstances is held invalid or unconstitutional by a Court
of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this
Ordinance; and the City Council hereby declares it would have passed such remaining portions of this
Ordinance despite such invalidity, which remaining portions shall remain in full force and effect.
Section 7. That the necessity of adopting and approving a proposed budget for the next
fiscal year as required by the laws of the State of Texas requires that this Ordinance shall take effect
immediately from and after its passage, and it is accordingly so ordained.
PASSED AND APPROVED on first reading this 2 " day of September, 2014.
��•` ` ` UTH tf +',, •,,� John errell, Mayor
ATTEST: �.�
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Lori Payne
City Secretary • ••• •...... .•
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PASSED AND APPROVED ON second reading this 16 day of September, 2014.
CAkCj
John Terrell, M
ATTEST: ,` ` , , ,,%►un,ru i ,, ,, i
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Lori Payne / / •
City Secretary 1
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APPROVED AS TO FORM: ''.,, * *K �,�,, ,,
City Attorney /
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Adopted: O ? — /
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CITY OF
SOUTHLA1(E
Fiscal Year 2014 -2015
Budget Cover Page
September 16, 2014
This budget will raise more revenue from property taxes than last year's
budget by an amount of 920,876 which is a 3.6% percent increase from
last year's budget. The property tax revenue to be raised from new
property added to the tax roll this year is $941,841.
The members of the governing body voted on the proposal to consider the budget
as follows:
FOR: John Terrell
Shahid Shafi
Carolyn Morris
Brandon Bledsoe
Randy Williamson
Laura Hill
Gary Fawks
AGAINST:
PRESENT and not voting:
ABSENT:
Property Tax Rate Comparison
2014 -2015 2013 -2014
Property Tax Rate: $0.462000/100 $0.462000/100
Effective Tax Rate: $0.447209/100 $0.448912/100
Effective Maintenance & Operations Tax Rate: $0.352195/100 $0.325168/100
Rollback Tax Rate: $0.530501/100 $0.493842/100
Debt Rate: $0.120000/100 $0.120000/100
Total debt obligation for City of Southlake, Texas secured by property taxes:
$75,779,902